Pakistan LNG issues tenders seeking 240 cargoes

The state-owned Pakistan LNG is seeking the supply of 240 cargoes of liquefied natural gas in total through two separate tenders issued at the end of October.

According to the company’s tender documents, first tender is inviting bids from LNG suppliers for the delivery of 60 cargoes through a master sale and purchase agreement over a period of five years.

In a second tender, Pakistan LNG is looking for the supply of 180 cargoes delivered over a period of 15 years.

Cargoes, under both tenders, are to be delivered on a DES (delivered ex-ship) basis to the LNG terminal operated by Pakistan GasPort Consortium at Port Qasim, the company said.

The start of the deliveries is set for July 2017, with a nominal cargo capacity set at 140,000-cbm, according to the documents.

Pakistan GasPort Consortium, a unit of Pakistan GasPort Limited, is setting up the country’s second LNG terminal at Port Qasim, Karachi.

The terminal comprises a floating storage and regasification unit, a jetty, and a pipeline linking the terminal to the gas network system of Sui Southern Gas Company.

The company has signed a 15-year charter agreement with the Singapore-based BW for a newbuild FSRU currently under construction at the Samsung Heavy Industries shipyard in South Korea and scheduled for delivery in the fourth quarter of 2016. The FSRU will have a storage capacity in excess of 170,000-cbm and a peak regasification capacity of 750 mmscfd.

The deadline for the bids submission is December 20, 2016, while winners of both tenders are to be announced at the end of January 2017.

Pakistan’s tender follows the one recently reported to be issued by Egypt Natural Gas Holding (EGAS) seeking 96 cargoes over a two year period. It is reportedly the largest mid-term LNG supply tender with a price tag of several billion dollars.